About Verstand IT Services Private Limited
Data last updated:
Verstand IT Services Private Limited was a private limited company based in Tiruchirappalli, Tamil Nadu, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the data activities and distribution segment of the technology and IT services sector. It was incorporated on 08 January 2016.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U72400TN2016PTC103597.
The company had an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Ettigounder Paramasivam and Paramasivam Rajamani.
Its last annual general meeting (AGM) was held on 30 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 17 Kaveri Nagar 1st Street Nawab Thottam Woraiyur, Tiruchirappalli, Tamil Nadu, India – 620003.
As per the financials filed for FY 2017, the company reported a revenue of ₹7.3 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹45,175 (net margin 6.2%) and EBITDA of ₹1.01 Lakh (EBITDA margin 13.8%).
The last known website on record is verstand.in.
- EmailLocked
- TelephoneLocked
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- Social MediaLocked
- Registered Address17 Kaveri Nagar 1st Street Nawab Thottam Woraiyur, Tiruchirappalli, Tamil Nadu, India – 620003
- IndustryInformation Technology, Data Activities & Distribution
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Verstand IT Services Private Limited
The main business activity of Verstand IT Services is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Board of Directors of Verstand IT Services Private Limited
Verstand IT Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ettigounder Paramasivam | Director | 08 Jan 2016 | 10 Years 8 Months | As last reported |
| Paramasivam Rajamani | Director | 08 Jan 2016 | 10 Years 8 Months | As last reported |
Financials of Verstand IT Services Private Limited FY 2017 filings available
Verstand IT Services Private Limited reported revenue of ₹7.3 Lakh (up 257% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Verstand IT Services Private Limited
Revenue rose 257% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Verstand IT Services Private Limited
| Metrics | FY 2016-17 | FY 2015-16 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | •••• |
| Other Income | •••• | •••• |
| Total Revenue | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• |
| Employee Benefit Expense | •••• | •••• |
| Finance Costs | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• |
| Other Expenses | •••• | •••• |
| Total Expenses | •••• | •••• |
| EBITDA | ₹1.01 Lakh | •••• |
| Profit Before Tax | •••• | •••• |
| Tax Expense | •••• | •••• |
| Net Profit (PAT) | ₹45,175 | •••• |
| Balance Sheet | ||
| Share Capital | •••• | •••• |
| Reserves and Surplus | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• |
| Long-term Borrowings | •••• | •••• |
| Short-term Borrowings | •••• | •••• |
| Trade Payables | •••• | •••• |
| Total Liabilities | •••• | •••• |
| Fixed Assets | •••• | •••• |
| Investments | •••• | •••• |
| Inventories | •••• | •••• |
| Trade Receivables | •••• | •••• |
| Cash and Bank Balance | •••• | •••• |
| Total Assets | •••• | •••• |
Financial Ratios of Verstand IT Services Private Limited
| Metrics | FY 2016-17 | FY 2015-16 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 13.8% | •••• |
| Net Profit Margin | 6.2% | •••• |
| Return on Equity (ROE) | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• |
| Liquidity and Debt | ||
| Current Ratio | •••• | •••• |
| Quick Ratio | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• |
| Efficiency and Growth | ||
| Asset Turnover | •••• | •••• |
| Receivable Days | •••• | •••• |
| Payable Days | •••• | •••• |
| Inventory Days | •••• | •••• |
| Revenue Growth | •••• | •••• |
| Net Profit Growth | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Verstand IT Services are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Charges & Borrowings of Verstand IT Services Private Limited
Verstand IT Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Verstand IT Services Private Limited
Employment history and EPFO contributions of people linked to Verstand IT Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Verstand IT Services Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Verstand IT Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Verstand IT Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Verstand IT Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Verstand IT Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Verstand IT Services Private Limited
Frequently Asked Questions about Verstand IT Services Private Limited
Verstand IT Services has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Verstand IT Services was a private limited company based in Tiruchirappalli, Tamil Nadu, India. The company worked in data activities and distribution, within the information technology industry. It was incorporated on 08 January 2016 and is registered under CIN U72400TN2016PTC103597. The company has been struck off by the Registrar of Companies and is no longer operational.
Verstand IT Services had 2 directors:
- Ettigounder Paramasivam - Director
- Paramasivam Rajamani - Director
The CIN (Corporate Identification Number) of Verstand IT Services is U72400TN2016PTC103597. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Verstand IT Services is at 17 Kaveri Nagar 1st Street Nawab Thottam Woraiyur, Tiruchirappalli, Tamil Nadu, India – 620003.
Verstand IT Services was incorporated on 08 January 2016. It is registered with the Registrar of Companies, Chennai.
Verstand IT Services can be reached through the website verstand.in. Its registered office is in Tiruchirappalli, Tamil Nadu, India.
Verstand IT Services reported revenue of ₹7.3 Lakh for FY 2017 (up 257% YoY).
Verstand IT Services has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh.